Noble Energy Inc. (NYSE:NBL) had its price target lifted by analysts at Barclays PLC from $31.00 to $32.00 in a note issued to investors on Monday. The brokerage currently has an “overweight” rating on the oil and gas development company’s stock. Barclays PLC’s target price indicates a potential upside of 23.46% from the stock’s previous close.

Several other research analysts have also commented on the company. BidaskClub upgraded Noble Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Cowen and Company set a $35.00 price target on Noble Energy and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $47.00 price target on shares of Noble Energy in a research report on Monday, May 8th. Evercore ISI reiterated an “outperform” rating and issued a $40.00 price target on shares of Noble Energy in a research report on Tuesday, May 2nd. Finally, ValuEngine lowered Noble Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $41.34.

Shares of Noble Energy (NYSE NBL) traded down 1.85% during midday trading on Monday, reaching $25.44. The company’s stock had a trading volume of 3,319,297 shares. The company’s market cap is $10.96 billion. Noble Energy has a 12 month low of $25.15 and a 12 month high of $42.03. The company’s 50-day moving average price is $28.51 and its 200-day moving average price is $32.95.

Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.18. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.24) earnings per share. On average, equities analysts anticipate that Noble Energy will post ($0.21) EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the stock. Thompson Investment Management Inc. increased its stake in Noble Energy by 12.9% in the second quarter. Thompson Investment Management Inc. now owns 113,700 shares of the oil and gas development company’s stock valued at $3,218,000 after buying an additional 13,014 shares in the last quarter. Aviva PLC raised its position in shares of Noble Energy by 1.9% in the second quarter. Aviva PLC now owns 270,803 shares of the oil and gas development company’s stock valued at $7,664,000 after buying an additional 4,990 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Noble Energy by 15.4% in the second quarter. Victory Capital Management Inc. now owns 2,177,825 shares of the oil and gas development company’s stock valued at $61,632,000 after buying an additional 289,989 shares during the last quarter. MAI Capital Management raised its position in shares of Noble Energy by 264.1% in the second quarter. MAI Capital Management now owns 21,866 shares of the oil and gas development company’s stock valued at $619,000 after buying an additional 15,860 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Noble Energy by 4.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,279,306 shares of the oil and gas development company’s stock valued at $36,204,000 after buying an additional 54,524 shares during the last quarter. 96.94% of the stock is owned by hedge funds and other institutional investors.

About Noble Energy

Noble Energy, Inc is an independent energy company. The Company is engaged in crude oil, natural gas and natural gas and natural gas liquids (NGLs) exploration, development, production and acquisition. The Company’s segments include: United States, including the onshore DJ Basin, Permian Basin, Eagle Ford Shale, Marcellus Shale and offshore deepwater Gulf of Mexico, as well as the consolidated accounts of Noble Midstream Partners LP (Noble Midstream Partners); Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea, Cameroon and Gabon, and Other International and Corporate, including new ventures, such as offshore the Falkland Islands, Suriname and Newfoundland.

Analyst Recommendations for Noble Energy (NYSE:NBL)

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